We have a logjam — despite being in a strong seller’s market, few houses are on the market.
While many buyers sat out the last quarter of 2023, interest rates are better and they are back and actively seeking homes.
Despite market conditions, many homeowners are expecting to sell their homes at a premium cost without much prep work.
We’re seeing indications of more inventory available for sale, starting early in 2024.
Sudore: The past year has defied accepted real estate models — nothing is normal; every day is changeable.
As always, pricing and presentation are essential — even the most simple refresh can offer big results.
For those waiting to look for a new home until the rates drop or inflation is curbed should know — the waiting game doesn’t always pay off.
Comparing January to July to 2022 numbers, we’re down 34 percent in total sales — yet the pace of the market is breakneck.
The luxury market is providing house hunters with more selection, time to make decisions, and negotiating power.
The arrival of warmer weather does typically signal a continued season of activity in our local market.
West Seattle features hidden and well-known parks, beaches, viewpoints and outdoor opportunities.
By mid-March, available houses tightened to 4.5 months of inventory — that puts us squarely in a neutral market.
The beginning of 2023 has brought some promising signs for our local real estate market after an uncertain fourth quarter in 2022. Triggered by declining mortgage interest rates and pent-up buyer demand, many of us have seen a return of multiple offers, especially in the mid-range price points. Real buyers are out there; with rates down, it has pushed many off the sidelines who plan to purchase now and refinance once rates come down more.
Forget the old news — 2023 is already promising to be different.
As we end a year that saw the real estate landscape change dramatically, it’s time to recalibrate expectations about the newest “new normal.” We started the year with a strong seller’s market, with multiple competing offers escalating on the few homes for sale. The residential landscape has changed.
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